Porter Suggests That Industry Attractiveness Is a Function of Five

question 54

Multiple Choice

Porter suggests that industry attractiveness is a function of five forces, including:*

• A) profitability, market share, workforce quality, innovativeness, and social responsibility.
• B) cost efficiency, product quality, service quality, workforce quality, and innovativeness.
• C) differentiation, cost leadership, focused differentiation, focused cost, and integration.
• D) competitors, new entrants, suppliers, customers, and substitutes.
• E) None of the above are Porter's list of forces.

Recognize and define the concept of a probability distribution and its importance.

Differentiate between false positives and false negatives in screening tests.

Apply probability rules to find expected values in real-world scenarios.

Understand the relationship between mean, variance, and standard deviation in probability distributions.

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Definitions:

Franchising

A method of expanding a business and distributing goods and services through a licensing relationship.

Franchisee

A franchisee is an individual or company that has been granted the right by a franchisor to carry out business under the franchisor's brand and operational system.